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Shares of IT companies continued to remain under pressure, with the S&P BSE IT index registering a fresh 52-week low in Friday’s trade. #StockMarket #MarketsWithBS #ITShares #ITsector #Wipro #Infosys #TCS
BSE IT top most loser with 5 stocks advancing and 45 stocks declining. #eClerxServices being the top most gainer. Here is all you want to know about it... #MarketsMojo
Among sectors, BSE Information Technology index lost 6.5 percent, BSE Telecom index fell 5.8 percent and Nifty Pharma index shed 5.2 percent during the week. However, BSE Power index added 2.6 percent.
On the other hand, BSE IT and BSE Healthcare indices declined 1.55 per cent and 2.18 per cent, respectively.
IT stocks - BSE IT was the weakest performing sectoral index in Monday's trading session. The index has plunged by 2.87 per cent with TCS, Coforge, Mphasis, Mindtree being the top losing stocks within the index.
IT stocks - On Thursday, the IT stocks experienced a bull run. BSE IT Index gained 1.54 per cent in Thursday's trading session. Among the top gaining stocks within the IT Index, Zensar Technologies, Sasken Technologies and Nelco were the stocks hitting their 52-week high price.
#MarketswithMC | In 2021 so far, 15 BSE IT stocks have turned multibaggers. Majesco led the pack with a gain of over 400% followed by Brightcom Group and Happiest Minds Technologies. Full list at by @RiteshPresswala | #StockMarket #StockstoWatch
S&P BSE Information Technology index added over 106 percent supported by the Tanla Platforms, Intellect Design Arena, Subex, Ramco System, Mastek, 3i Infotech and KPIT Technologies. The stocks from the space rose 400-1583 percent during FY21.
BSE IT settled 3.51 percent higher, gaining from the rupee's weakness against the dollar. The Indian currency traded near a three-week low against the dollar. IT stocks gain on a stronger American currency as a major portion of their revenue comes in dollar.